Investors & landlords

Let's get this right:

1. Open up your program for this year.
2. Go to your rental
3. Revisit/Update
4. Rental and Royalty Summary screen
5. Click Edit next to your property
6. In property profile, continue through to Do Any of These Situations Apply to This Property?
7. Mark that you sold the property and click continue until you get back to Review your Rental Summary
8. Look down to Sale of Property/Depreciation, select Update
9. Do you want to go directly  to your asset summary?
10. Select yes
11. Your property assets screen
12. you may have several things listed here, each needs to be disposed of. Let's work on the house. Select Edit 
13. Describe - rental real estate property, continue
14. Tell us more - residential rental real estate, continue
15. Tell us about this rental asset:
16. description - whatever you have had in there for years, continue
17. Tell Us More About This Rental Asset
18. Mark that the item was sold and the date
19. Then mark if it was always business or converted, and the date
20. continue

1. Confirm prior year depreciation and  continue
2. Special Handling Required?  If it was your main home that was converted to a rental, you have all of the depreciation correct, enter NO. If it was always a rental, enter NO. Otherwise, when you answer yes, you go to different areas of the program depending on your situation and you will need to respond with your special situation.
3. Home Sale, answer NO
4. Enter Sales Information